Raven Industries (NASDAQ:RAVN) isn’t wasting any time in getting its recently announced strategic plan to invest in autonomous farming technology off the ground. The company announced that is has acquired Smart Ag Inc., a technology company that develops autonomous farming solutions for agriculture.
Dot Technology Corp (DOTTM) today announced that it has entered into an agreement wherein Raven Industries (NASDAQ:RAVN) — a manufacturer of agriculture technology with a focus on autonomous farming — will acquire majority ownership of Dot. Funds will be used to support the continued commercialization and evolution of the Dot Power Platform and Dot Ready Implements.
Raven Industries Inc. has announced details of its strategic plan, which include a significantly increased level of investment in targeted areas in order to drive greater earnings growth and long term value. Over the next several years, the company will advance two strategic platforms for growth: Raven Autonomy and Raven Composites.
Raven Industries Inc. (NASDAQ: RAVN) reported financial results for the second quarter that ended July 31, 2019. Net sales for the second quarter of fiscal 2020 were $98.1 million, down 4.5% vs. the second quarter of fiscal 2019.
Raven Industries, developer and distributor of precision farming and other specialty equipment and systems, reported net sales for the first quarter of fiscal 2020 were $98.2 million, down 11.7% vs. the first quarter of fiscal 2019.
Raven Industries announced today that it has completed the acquisition of substantially all of the assets of AgSync, headquartered in Wakarusa, Ind. This acquisition will immediately align under the company’s Applied Technology division.
With the Slingshot API, a partner like Topcon Ag is able to provide data through a wireless connection with compatible Raven hardware in the field and offer a seamless integration of their solution to their customers.
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